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The Philippine Deposit Insurance Corporation (Filipino: Korporasyon ng Segurong Deposito ng Pilipinas, abbreviated as PDIC) is a government-run Philippine deposit insurance fund. It was established on June 22, 1963 by Republic Act 3591. It guarantees deposits up to P500,000. Primary Functions of PDIC (Philippine Deposit Insurance Corporation) is to protect the small investors and depositors; and to build a strong banking confidence.
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References
Philippine Deposit Insurance Corporation Wikipedia(Text) CC BY-SA